238 Bicknell, Santa Monica, California 90405, Santa Monica, 90405 - 0 bed, 0 bath
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Santa Monica, California 90405
This Value-Add Multifamily Asset is listed at $2,100,000, representing a strategic entry into the Ocean Park coastal market near its $1,981,435 Fair Market Value. With a Condition Rating of 4, the 1920s property offers immense potential for forced appreciation through the modernization of its four-unit configuration and four detached garages. The inclusion of a rear patio and proximity to Main Street’s amenities drive high rental demand. This historic residence is an ideal acquisition for Buy-and-Hold Investors or Value-Add Specialists looking to capitalize on Santa Monica’s supply-constrained rental market.
Property is moderate renovation needed.
This 1920s property is a classic 'value-add' investment that shows significant signs of age. While the listing mentions some updated interiors, others retain original finishes from a century ago, and the lack of interior photography typically indicates outdated kitchens and bathrooms. Exterior images reveal cracked concrete, weathered detached garages, and a roof with visible patching. The property is functional and occupied but requires modernization of major systems and cosmetic updates to meet current market standards.
Situated in the highly sought-after Ocean Park neighborhood, the property offers exceptional walkability to Main Street's dining and retail, as well as close proximity to the Santa Monica Pier and beach.
The property features a versatile four-unit configuration and includes four detached garages, providing a rare and valuable parking-to-unit ratio for a coastal multifamily asset.
Originally constructed in 1920, the residence retains classic Santa Monica charm with traditional design elements, original wood siding, and period detailing that appeals to boutique renters.
Public records identify the property as a duplex while four units are currently on-site, presenting significant risks regarding legal compliance, permitting, and financing.
The 1920s construction and master-metered water system suggest potential deferred maintenance and the need for capital-intensive upgrades to modernize the building's systems.
The Bicknell Residences is a multifamily property located in the Ocean Park neighborhood of Santa Monica. This property is being sold pursuant to a court-supervised partition process and is subject to court confirmation. Duplex per public record; four units on site. Buyer to verify legal status and permits. Originally constructed in 1920, the property features approximately ±2,369 square feet of improvements situated on a ±6,006 square foot lot. The property offers a unit mix consisting of one two-bedroom, one-bathroom unit with office, and three one-bedroom, one-bathroom units, including configurations with a den and utility room. The improvements reflect classic Santa Monica architectural character, including traditional design elements, original wood siding, and period detailing. Select units feature updated interiors, while others retain original finishes. Lower units provide both front and rear access, offering functional separation and flexibility of use. The property includes four detached garages and a shared on-site laundry area. The site layout incorporates a rear patio area adjacent to the garage structure. Buyer to verify potential uses and development standards. The property is master metered for water and separately metered for gas and electricity. Each unit is equipped with an individual water heater. Ocean Park is a well-established coastal neighborhood known for its residential setting, walkability, and proximity to neighborhood amenities. The property is located near Main Street, providing access to a range of dining, retail, and service-oriented uses. The location offers proximity to the Santa Monica Pier, Third Street Promenade, and surrounding coastal destinations, as well as nearby parks and recreational areas. The property also provides convenient access to Lincoln Boulevard, Pico Boulevard, Santa Monica Boulevard, and the I-10 Freeway, connecting to Santa Monica, Venice, Culver City, Westwood, Century City, and other Westside employment centers. Buyer to verify all property details, including square footage, unit configuration, zoning, permits, and allowable uses.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,369 | 2,295.5 | 50% |
| Lot Size | 6,006 | 6,504 | 50% |
| Price | $2.10M | $1.63M | 75% |
| Price per sq ft | $886 | $776 | 75% |
| Built year | 1920 | 1930 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 100 | 25% |
Mar 30, 2026
$2,100,000
Initial Listing